the Federal Reserve Board
noun
BANKING, FINANCE, GOVERNMENT ukus(abbreviation the FRB); (also the Federal Reserve); (the Federal Reserve Board of Governors); ( informal the Fed)the group of seven people who are chosen by the President of the United States to control the activities of the Federal Reserve Banks and to make financial decisions relating to the US economy:
The Federal Reserve Board moved yesterday to stabilize the credit markets.
a chairman/governor/member of the Federal Reserve Board